JNK India share price makes a stellar debut, stock opens with 50% premium at ₹621 on NSE

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₹621 per share, 49.63% higher than the issue price of ₹415. On BSE, JNK India share price today opened at ₹620 apiece, up 49.40% than the issue price. Market experts anticipated JNK India share price to open in the range of ₹500 to ₹520 per share.

The subscription rate for the JNK India IPO was overall favourable. Retail investors demonstrated significant interest in the JNK India IPO, in addition to the enthusiastic responses of qualified institutional buyers (QIBs) and non-institutional investors (NIIs). On the last day, the JNK India IPO subscription status was 28.13 times.

There were 23.26 subscriptions for the retail component and 4.11 subscriptions for the non-institutional investor segment. The quota for QIBs was subscribed 75.72 times. Also Read: JNK India IPO listing date today.

Here's what GMP, subscription status suggest about share debut On Tuesday, April 23, the JNK India IPO opened, and it concluded on Thursday, April 25. The JNK India IPO has allotted retail investors 15% of the shares, QIB up to 50% of the shares, and NII 15% of the shares. The price band for the JNK India IPO was set at ₹395–415 per share, with a ₹2 face value.

With a minimum bid of 36 shares, bids for multiples of 36 shares were taken into consideration. According to the red herring prospectus (RHP), JNK India is a manufacturer of "heating equipment," which includes process fuelled heaters, cracking furnaces, and reformers. Refineries for oil and gas, fertilizers, and petrochemicals are some of the process industries dependent on them.